Lloyd Perlmutter

Experience

• Veritas Advisory, LLC

  Managing Director/Founder

  Jan 2020 - Present

  Consultancy that specializes in advising companies and leadership teams on growth strategies, operational excellence inintiatives and organizational development structures and concepts.

• Circa of America, LLC

  Board Member / Interim CEO

  Feb 2017 - Dec 2019

  Legacy manufacturer and importer of fashion belts for men and women.

  • Oversaw transformation of supply chain; recruited world class talent; reduced company overhead by over 20%; developed a strategic plan for the future including diversification of product and client base
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  Telemus - Financial Life Management

  Chief Operating Officer

  Jan 2014 - Jan 2016

  Telemus Capital offers a holistic approach to wealth management, focusing on achieving clients' envisioned future and life’s most important goals.

  • Served as "Integrator" for $2.0B AUM investment advisory and wealth management firm, catering to ultra-high net worth families.
  • Generated $500K in additional annual revenue by rebranding and streamlining the pricing model, expanding the firm’s reach.
  • Achieved a five percentage point reduction in operating cost ratio through new technology and systems implementation, enhancing efficiency and profitability.
  • Transformed traditional company practices by recruiting a talented leadership team and implementing business-oriented policies, fostering a culture of operational excellence.
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  The Beacon Group

  President and Managing Partner

  Nov 2012 - Feb 2014

  The Beacon Group is a Canadian-based consulting firm specializing in Organizational Effectiveness, working with a diverse range of clients to drive transformation, optimize architecture, and improve performance.

  • • Drove change and transformation across various industries by designing organizational improvement plans, signifying a broad impact on leadership and operations.
  • • Created and articulated a brand vision, mission, and objectives for a global logistics group, and effectively delivered related seminars across North America, demonstrating exceptional strategic planning and communication skills.
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  Mexx Canada Company

  Chief Executive Officer

  Jul 2011 - Dec 2012

  Mexx is an internationally recognized retailer of fashion apparel and accessories, managing a multi-channel business that includes wholesale and retail operations across more than 65 countries.

  • Played a crucial role in the acquisition of the $200M retailer while launching Mexx's first e-commerce site, establishing a new channel for growth and customer engagement.
  • Reduced operational expenses by $3M through strategic cost-cutting measures, enhancing the company's financial health and repositioning the brand for a streamlined customer experience.
  • Improved merchandise turnover by 50% by revising merchandising, planning, inventory, and design strategies, leading to more efficient inventory management and increased sales velocity.
  • Successfully oversaw the completion and due diligence for the sale to a private equity suitor, preparing the organization and brand for a significant ownership transition.
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  Indigo

  EVP

  Sep 2004 - Jan 2007

  Indigo is Canada’s largest book, gift, and specialty toy retailer.

  • Re-organized Indigo’s leadership structure to streamline processes, enabling quicker implementation of strategic changes.
  • Implemented KPIs and payroll discipline, achieving a 2% increase in conversion rates and a 2% reduction in payroll costs.
  • Led re-merchandising efforts across stores to enhance space for non-book products, adopting standard retail practices for better merchandising discipline.
  • Developed a strategic plan for small format stores and drove rationalization of real estate portfolio to optimize Indigo’s retail footprint.
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  Gap Inc. (Canada)

  President

  Feb 1996 - Nov 2003

  Gap Inc. bridges gaps in the world through its portfolio of lifestyle brands, offering everything from quality fashion at every price point to sustainable luxury and modern essentials.

  • Drove revenue expansion from $225M to over $1.2B, significantly growing Gap Inc. (Canada)'s market presence and profitability.
  • Delivered 33 consecutive months of double-digit comp store sales growth through strategic merchandising, assortments, and inventory investments.
  • Introduced Old Navy to the Canadian market, opening 12 stores in a single day, diversifying and strengthening the brand's presence in Canada.
  • Enhanced the leadership team by recruiting high-potential staff across critical functions including HR, Store Operations, Strategy, IT, and Visual Merchandising, fostering a culture of excellence and innovation.